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Business News Digital
Yahoo revamp
By CMU Editorial | Published on Monday 2 March 2009
Recently appointed Yahoo! boss Carol Bartz has announced a restructure of the net company which aims to simplify things, by merging all its various technology and product ‘groups’ into one division under CTO Ari Balogh, and by reducing the number of regional divisions to just two – North America and Not North America.
The revamp comes as the company’s CFO, Blake Jorgensen, is the latest senior exec to leave the struggling web company since former CEO Jerry Yang stood down.
Confirming the revamp, which is likely to result in more job losses, Bartz wrote on the company’s blog: “Today I’m rolling out a new management structure that I believe will make Yahoo a lot faster on its feet. We’ll be able to make speedier decisions, the notorious ‘silos’ are gone, and we have a renewed focus on the customer”.
